What Is the V12 Retail Finance Charge on Bank Statement?

When you check your bank statement, you might come across unfamiliar terms and transactions, such as “V12 Retail Finance.” Understanding these entries is crucial for managing your finances effectively. In this article, we’ll delve into what V12 Retail Finance charges are, how they appear on your bank statement, which companies use V12 Finance, the interest rates associated with V12 Retail Finance, how to identify unauthorized charges, and steps to prevent them.

Also read YesSolo Charge on Bank Statement.

What is V12 in a bank statement?

V12 in a bank statement refers to V12 Retail Finance, a trading name of Secure Trust Bank PLC. Previously, transactions related to V12 Retail Finance were listed as Secure Trust Bank PLC until August 2nd. V12 Retail Finance specializes in providing retail point-of-sale finance, allowing customers to spread the cost of purchases over a predetermined period. It offers financial flexibility, enabling consumers to make significant purchases while managing their cash flow effectively.

What is V12 in a bank statement?

What Is the V12 Retail Finance Bank Charge? 

Imagine you’ve purchased a new laptop from an online retailer that offers V12 Retail Finance as a financing option. When reviewing your bank statement, you notice a transaction labeled “V12 Retail Finance” or “Secure Trust Bank PLC.” This entry reflects the payment made towards your financed purchase. It’s essential to scrutinize the details to ensure the charge aligns with the product or service you acquired through V12 Retail Finance.

What companies use V12 finance?

Numerous retailers across various industries utilize V12 finance to offer financing options to their customers. These companies understand the importance of providing flexible payment solutions to enhance customer satisfaction and increase sales. From electronics stores to furniture outlets, V12 finance is a popular choice for retailers seeking to facilitate consumer purchases through installment plans.

How Does the V12 Retail Finance Charge Appear?

Label on Bank StatementMeaning
V12 Retail FinanceDirect reference to V12 Retail Finance
V12 RetailAbbreviated form of V12 Retail Finance
V12 Retail BankIndication of V12 Retail Finance associated with banking services
Secure Trust Bank PLCPrevious name used before August 2nd
Secure Trust BankAbbreviation of Secure Trust Bank PLC
STB PLCAcronym for Secure Trust Bank PLC
STB V12 RetailCombination of Secure Trust Bank PLC and V12 Retail Finance
V12 Retail FinancingIndication of financing through V12 Retail Finance
V12 FinanceDirect reference to V12 Retail Finance as a financing option

Please note that the labeling of V12 Retail Finance charges can vary depending on the retailer and the specific payment processing system used.

Who is V12 retail finance direct debit?

V12 Retail Finance Direct Debit refers to the method by which payments are collected for purchases made through V12 Retail Finance. When you opt for financing through V12 Retail Finance, you may authorize them to set up a direct debit arrangement to deduct payments from your bank account on scheduled dates automatically.

What is the interest rate for V12?

The interest rate for V12 Retail Finance varies depending on factors such as the retailer’s agreement with V12 Retail Finance and the terms of the financing agreement. Typically, interest rates are disclosed during the application process, allowing customers to make informed decisions before committing to a financing plan.

How to Prevent Unauthorized V12 Retail Finance Bank Charges 

Preventing unauthorized V12 Retail Finance bank charges is crucial for maintaining financial security and peace of mind. By implementing the following steps, you can significantly reduce the risk of unauthorized transactions and protect your financial well-being:

How to Prevent Unauthorized V12 Retail Finance Bank Charges 
  1. Regularly Review Your Bank Statements: Make it a habit to review your bank statements regularly, preferably as soon as they become available. Take the time to carefully examine each transaction and ensure that you recognize and approve all charges. Look out for any unfamiliar entries, including those labeled as V12 Retail Finance.
  2. Verify Transaction Legitimacy: When you come across transactions labeled as V12 Retail Finance, don’t hesitate to cross-reference them with your purchase history. Check whether the amount and description align with any recent purchases you made through V12 Retail Finance or affiliated retailers. This verification process helps you confirm the legitimacy of the charges and identify any discrepancies or potential issues.
  3. Promptly Report Suspicious Charges: If you suspect any unauthorized or fraudulent charges on your bank statement, it’s imperative to take immediate action. Contact your bank’s customer service or fraud department as soon as possible to report the issue and request further investigation. Provide detailed information about the suspicious transaction, including the date, amount, and any relevant details you can provide. Prompt reporting can help prevent further unauthorized activity and increase the likelihood of recovering any lost funds.
  4. Enable Account Alerts and Notifications: Many banks offer account alert services that notify you of specific account activities, such as large transactions, low balances, or unusual account access. Consider enabling these alerts or notifications to receive real-time updates on your account activity. By staying informed about any changes or suspicious transactions, you can quickly detect and address potential issues, including unauthorized V12 Retail Finance charges.
  5. Safeguard Your Personal and Financial Information: Protecting your personal and financial information is essential for preventing unauthorized access and fraudulent transactions. Be cautious when sharing sensitive information online or over the phone, and only provide it to trusted and reputable sources. Use strong, unique passwords for your online banking accounts and avoid sharing them with anyone. Additionally, be wary of phishing attempts, fraudulent emails, or suspicious links that may attempt to trick you into revealing your confidential information.

By following these proactive measures and staying vigilant about your financial accounts, you can effectively prevent unauthorized V12 Retail Finance bank charges and safeguard your financial security. Remember to prioritize regular monitoring, verification of transactions, prompt reporting of suspicious activity, and proactive protection of your personal information to minimize the risk of fraud and unauthorized access.


Understanding V12 Retail Finance charges on your bank statement is essential for maintaining financial awareness and security. By familiarizing yourself with how these charges appear, which companies utilize V12 finance, and how to prevent unauthorized transactions, you can effectively manage your finances and protect against fraud. Stay vigilant, review your bank statements regularly, and take proactive measures to safeguard your financial well-being.

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